Every importer must do a complete factory audit (CFA) of their supplier. You can hire a trusted third-party audit service like KRT to carry CFA at an affordable cost. You may buy goods from the domestic and international market. Both of them have to meet some industrial compliance and shipment rules apart from taxes. The retailers can make sure they are giving an order with a trusted manufacturer. There are many types of audit services. These are discussed below in this article.
Social Audit Companies
A social audit of a company is necessary to see the labor safety and statutory compliance. A factory must follow good practice in employee safety. This will ensure uninterrupted production. The factory labors may go for a strike. This will hinder your bulk order. It is advisable to do a third party factory audit on the compliance side. This will make sure they do not have any labor issue in the past, and they follow the labor compliance as per the industrial and labor act. By hiring a professional team, you need not to worry about what are the elements of a social audit. They do social compliance audit, social compliance certification check and do as per the social compliance standards of that region.
Quality Audit Companies
An importer must carry on the quality audit for manufacturing their ordered goods with their supplier. There are many specialized teams to do a partial and full factory audits. There are many factory audit companies. They do the below-mentioned audits.
- Manufacturing Product Audit
- Manufacturing Process Audit
They provide a factory audit report, which you can use for further improvement with your supplier or go ahead to buy their products.
Domestic Audit Firms
You can find locally an audit firm. They are also present near to the industrial hubs. They are cheaper, and you can bargain for the cost of CFA. They do come for partial factory audit at more than one site on the same day. You must approach a registered firm, which is having a branch office near to the suppliers place or within the city.
International Audit Firms
You can find many multinational audit companies present in your area. The KRT is one of the trusted one among MNC audit firm. They are the best audit service provider for any importers. This is because; you can find their office in your country too. They are the best for better communication as they have auditors who speak multi languages. They have special audit packages. It will be better to come under their package and avail some benefits, which the other audit firms do not provide.
Conducting a third-party audit in your supplier’s factory is the best to avoid financial losses. A third party auditing is the best to do better business and find an alternative supplier as a backup. It is the best practice to do a frequent audit with your supplier. The charge for a third party audit is cheaper when you hire them for a long-term contract.